PARIS, November 6, 2024–(BUSINESS FEED)–Regulatory news:

On the occasion of the Smart City World Expo Congress in Barcelona, Veolia (Paris:VIE) announces a commitment of 30 million euros to Axeleo GreenTech Industry (GTI I), intended for accelerate the ecological transformation of industry in Europe. Veolia has partnered with Bpifrance and Crédit Mutuel Alliance Fédérale for this first closing.

Dedicated to financing the first industrial startup factory for ecological transformation in Europe, this fund, which aims to raise €250 million, will offer decisive support to around twenty companies develop innovative technologies in strategic sectors essential to ecological transformation in Europe, such as energy (new renewable energies, storage, etc.), chemistry, materials (biomaterials, plastic recycling, etc.), agriculture, food and mobility (decarbonization of air and maritime transport, etc.).

In addition to its financial participation, Veolia will leverage its industrial expertise in the water, waste and local energy sectors accelerate the identification of innovative companies in the process of industrializationwhich will tomorrow ensure the development and deployment of concrete and affordable solutions to clean up, decarbonize and regenerate natural resources.

This commitment is part of Veolia’s innovation priorities and the GreenUp Group’s strategic plan, which aims to invest 200 million euros in industrial demonstrators and the acquisition of new technologies.

“This investment in the Axeleo GreenTech Industry impact fund highlights Veolia’s support for industrial startups to accelerate ecological transformation in Europe. In perfect alignment with our GreenUp strategic program and the Group’s innovation priorities, this investment alongside recognized players, Bpifrance and Crédit Mutuel, marks our collective desire to accelerate the implementation of innovative solutions to depollute, decarbonize and regenerate resources throughout Europe,” said Estelle Brachlianoff, CEO of Veolia.

“We are delighted with the decisive support from Veolia, which represents a major step forward – both in financial terms and in terms of sharing of expertise – for this Axeleo GreenTech Industry I fund, and for the financing of the first European factory for industrial startups of the green transition. This decision reinforces our collective ambition, with the first industrial venture capital fund in France, to contribute to the emergence of the green industrial sectors of tomorrow.” » declared Guillaume Sarlat, Venture Partner of Axeleo capital.

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